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TRADING_DUNIYA
Apr 18, 2021 9:46 AM

HIKAL LTD Long

HIKAL LTDNSE

Description

ENTER ONLY AFTER 195 -200 ___ FOR SHORT TERM
so many confirmations are there .... in monthly time frame it has formed head and shoulder pattern
flag ---- in daily time frame
and has taken resistance from 185 ...


FOR INTRADAY YOU CAN ENTER @ 186
with stop loss of 6 rs and target of 195 (only for risky trader)


according to my study it is a pharma company and NIFTY PHARMA will be also bullish for more 1500 points apprx .
and now it is above 50 and 200 DMA and SMA so all over technically it is busllish

and according to EWT it will enter in 3rd wave after 200

but financially it is very weak but you can go for short term above 195-200

Comment

one more thing is there it can further correct itself so be care full while taking this trade

Trade closed: target reached

Trade closed: target reached

2nd target reached too

Comment

and may more long now
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